tag:blogger.com,1999:blog-2887408586168605394.post5455753964502038722..comments2022-10-22T10:08:59.187+01:00Comments on The Dividend Drive: BUY: PZ Cussons (PZC)--More Cussons for My Investment FamilyAhren Lesterhttp://www.blogger.com/profile/10131811751957847395noreply@blogger.comBlogger9125tag:blogger.com,1999:blog-2887408586168605394.post-43881046941403808152015-09-21T14:04:34.921+01:002015-09-21T14:04:34.921+01:00I sort of am, M! Like weenie, it has been on my wa...I sort of am, M! Like weenie, it has been on my watch list for a while. <br /><br />However, I am happy with my PZ Cussons for the long haul! Should serve me well. <br /><br />I am a bit indifferent about the SAB/AB InBev merger. Any merger seems so likely to be gutted by competition authorities that I see a lot of the important attractions being somewhat undermined. Similarly, if it is really the Craft Beer market which is the largest threat to the big brewers I don't think it is supermergers that are needed but rather smaller acquisitions. Just my 2p though!<br /><br />If it does go through, though, I suspect that the bid will be higher than the current share price for SAB. Probably more towards the 4,000p mark. If I am vaguely right, we could see another 10% hike from the current price.<br /><br />At some point I did want to hold a little bit of both SABMiller and AB InBev. It will no doubt still come. If they are only one company I suppose it makes the decision simpler!Dividend Drivehttp://dividend-drive.blogspot.co.uk/noreply@blogger.comtag:blogger.com,1999:blog-2887408586168605394.post-74139572190046700742015-09-17T21:02:39.697+01:002015-09-17T21:02:39.697+01:00Me, I wish I bought them - been on my watch list a...Me, I wish I bought them - been on my watch list a while, dammit!weeniehttps://www.blogger.com/profile/01602950445306813601noreply@blogger.comtag:blogger.com,1999:blog-2887408586168605394.post-35789371162804493992015-09-17T08:05:19.641+01:002015-09-17T08:05:19.641+01:00So, so you wish you'd bought SABMiller now?!So, so you wish you'd bought SABMiller now?!M from There's Valuehttp://theresvalue.co.uknoreply@blogger.comtag:blogger.com,1999:blog-2887408586168605394.post-52828485792632770462015-09-12T11:57:58.051+01:002015-09-12T11:57:58.051+01:00I know what you mean. It is hard to decide between...I know what you mean. It is hard to decide between them. Both operate is an excellent sector (and operate well within it) but have significantly different growth profiles and--obviously--market caps.<br /><br />Personally, as I suggest above, I picked up a bit more of both as well of late. <br /><br />Nigeria is clearly an issue with regards the oil price and its effects on the economy. However, I think it has been overplayed a bit. According to recent reports, the oil sector was about 14% of the GDP (this was at oil's peak price). It had been nearly 35% in the 1990s.<br /><br />Obviously that is still huge. However, it has been rapidly dropping in recent decades due to a maturing economy with the services sector now the largest (with agriculture next). As such, this connected with the fact that people still have to live and buy consumable products such as PZC sell I hope the effect will be less dramatic than some have expected. Obviously, a jump in the oil price would be nice all round (especially for my portfolio!). We will see though. Obviously, the political situation is a lot more of an obvious issue. Although, they seem to have made inroad here.<br /><br />Yes, I am a little surprised one of the big guys has not expressed an interest in the past, in fact. I expect the reason is twofold: (1) Being a long-established family business, a successful bid is likely to be more of a challenge to pull off due to reluctance to sell; (2) PZC is a bit of an odd beast in some regards with its rather eclectic portfolio. As the big consumer companies are looking to become more focused I wonder whether PZC is more trouble than its worth (in their eyes) as they would no doubt sell a lot of the assets they had just bought!<br /><br />It is though a great company with, no doubt, a great future. Happy to sit and watch it all progress!Dividend Drivehttp://dividend-drive.blogspot.co.uk/noreply@blogger.comtag:blogger.com,1999:blog-2887408586168605394.post-13918095711437759602015-09-12T10:17:01.899+01:002015-09-12T10:17:01.899+01:00Funnily enough I was weighing up PZC and ULVR at t...Funnily enough I was weighing up PZC and ULVR at the end of last month and opted for more ULVR, but wouldn't rule out buying PZC if we get further market falls.<br /><br />I really like the fact that PZC has some great brands and yet is still a family business, but I'm uneasy by the fact that Nigeria is its primary market, where it faces several headwinds including a longer-term lower oil price, currency depreciation and the insurgency in the north of the country. As you say though they've weathered plenty of difficult economic environments before in their long history...<br /><br />On the plus side those great brands also offer an element of security all of their own, as should the SP ever fall too far, you'd think they'd become a very real takeover prospect for the likes of ULVR or P&G. Phil Sloanhttps://www.blogger.com/profile/14616281135972825546noreply@blogger.comtag:blogger.com,1999:blog-2887408586168605394.post-79351286738421355392015-09-11T16:13:49.408+01:002015-09-11T16:13:49.408+01:00Thanks, M. I agree with you both PZC and ULVR look...Thanks, M. I agree with you both PZC and ULVR look very attractive at the moment. As I hint at above, I have news on the Unilever front as I have built it up a bit as well. More news anon!<br /><br />I bought Unilever and PZC at very cheap levels when I opened positions in them. I am very glad to have the opportunity to top up again at those levels at the moment!Dividend Drivehttp://dividend-drive.blogspot.co.uk/noreply@blogger.comtag:blogger.com,1999:blog-2887408586168605394.post-85414500062792756952015-09-11T16:06:15.001+01:002015-09-11T16:06:15.001+01:00I agree. A higher yield would be nicer. However, w...I agree. A higher yield would be nicer. However, when you consider it is very well covered and it has grown c.6% a year for some time and has not grown ahead of EPS growth (running at about 7%). For me, the reason I want this as a core holding is the strength of the dividend itself rather than the yield specifically.<br /><br />I have news on my Unilever holding! I will have to find time to write it up (you may notice it has grown somewhat of late!). More news anon. I know you asked me about Unilever before. Excellent company indeed. Another core holding.Dividend Drivehttp://dividend-drive.blogspot.co.uk/noreply@blogger.comtag:blogger.com,1999:blog-2887408586168605394.post-1939529287650717132015-09-11T15:25:38.937+01:002015-09-11T15:25:38.937+01:00A great purchase. They are on my watch list and so...A great purchase. They are on my watch list and so are Unilever, particularly the latter as their share price has been dipping under £26 quite a lot recently. I am leaning towards Unilever purely because I already have a fair bit in them and I would like to average down somewhat. They are my second biggest holding, but I paid a lot more than £25.55, so I am keen to reduce that!<br /><br />If I had spare money, I'd buy both companies.<br /><br />CheersM from There's Valuehttp://theresvalue.co.uknoreply@blogger.comtag:blogger.com,1999:blog-2887408586168605394.post-76031478747143403342015-09-11T13:41:06.388+01:002015-09-11T13:41:06.388+01:00Ciao DD,
Great company, on my radar since a very l...Ciao DD,<br />Great company, on my radar since a very long time... Shame for the yield... 2.7 is not that great and that's what got me a bit hesitant with them so far...<br />Still it's a great company, defensive, solid products... Did you go for them to differentiate from Unilever, or UL is too expensive for your taste?<br /><br />Ciao ciao<br /><br />StalAnonymousnoreply@blogger.com